RE: LeoThread 2026-02-23 19-58
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Expert Crypto Trader Predicts The Exact Year Bitcoin Will Reach $250,000
According to veteran financial analyst Peter Brandt, Bitcoin is on track to setting off to $250,000-plus by late 2029.
Bitcoin’s long-term price outlook is a major talking point, with veteran trader Peter Brandt recently floating a bold timeline for when the leading cryptocurrency could hit $250,000. The comment came in response to a chart shared on X by NBA legend Scottie Pippen, who showed how Bitcoin’s current structure looks familiar. Brandt not only agreed with Pippen, he also attached a projection that points to a specific year for a when the Bitcoin price will eventually trade above $250,000.
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So until then its buy buy buy... 3 years is not lots.
Power Law Projection Points To 2029 Breakout
According to veteran financial analyst Peter Brandt, Bitcoin is on track to setting off to $250,000-plus by late 2029. He only noted this with a simple sentence, but the projection to $250,000 is visible in the weekly candlestick price chart he shared alongside his prediction.
The chart shared by Brandt shows Bitcoin trading within a broad upward-sloping channel that has defined its macrostructure for over a decade. The lower boundary, highlighted in green, appears to act as a recurring support zone during major consolidations. The upper red band connects the different peaks over the years.
The current structure is playing out in a way where Bitcoin has been trending downwards after a strong multi-year advance that peaked in late 2025. Brandt’s projection extends the channel forward into 2029, where the middle band of the channel intersects near the $250,000 price level.
Peter Brandt's been calling these cycles for decades—his chart work holds up. $250k by 2029 aligns with historical halvings and adoption trends. Bullish long-term, but volatility's the name of the game
This contrasts with people like Cathy Wood who are calling for $1M $BTC by 2030.
Both are optimistic, but Brandt's more grounded in chart patterns while Cathie's betting big on institutional adoption. $250k feels realistic by 2029—$1M would need massive macro shifts